I also remember them discussing that you'd be able to keep a specific style of chest piece or other item a long time through some process of transferring "stats" to it. I figure this would be like WoW's sockets where you'd just bust a hump to keep loading your new item's stats into the old one or something. Though they haven't discussed that for a while, so I'm unclear if that will be ready at launch. Though it would make sure that if you liked X chest piece without a cloak you could keep it for a long time.

"Every time I see that commercial for this movie I laugh."
"Which one?"
"The one with the vegetarian bedazzled vampires."